The Making Homes Affordable Plan is completely doomed to failure because it seems banks are reluctant to complete loan modifications for their customers. Most of the lenders agreed to participate in this program but at the pace banks are actually modifying loans might lend to speculation that perhaps the banks really aren’t… Read the rest of this entry »
Everyone thinks that when a bank forecloses on a property the bank loses money. Some well-meaning but less informed writers have boldly stated that banks lose anywhere from $30,000-$60,000 per foreclosed property. One article written claimed that banks lose 40 to 50% of the property value when it’s forced to foreclose on the property. Here’s the big secret: Read the rest of this entry »
I too worked for Matthew Lexus, I was Matthew’s go to guy with our last business adventure and we have worked together for more than 15 years. Matthew is closer to me than a brother and I can tell you despite everything that happened he is a stand up guy. When the crap hit the fan a while back Matthew could have left me holding the bag but he didn’t let me take the fall, in fact he demanded as part of his plea deal to have me transferred to the same facility.
Prison seems to have really changed Matthew. Matthew was always completely ruthless in business and that’s part of the reason why he became so successful.
He’s always been larger than life, flamboyant, bombastic, jumping out of airplanes, rock climbing, swimming with great white sharks minus the cage, bull fighting, you name it and he’s done it. He has that thrill seeking type of personality despite his age. But since we have been here and all resulting drama Matthew has changed.
Never in a million years would he be interested in helping people without some form of substantial compensation or favor. I don’t know if it was a combination of losing most of his admitted assets, or the death of his sister and his nephew prior to our incarceration, but all I know is Matthew is a changed man, he’s flawed like the rest of us of course but as always I support Matthew 100%. I think it’s completely honorable for this new undertaking of his and I plan on continuing my support of this project even after my release date.
I’m the only person of our group of 5 that has never worked with Matthew. I’ve known Matthew for more than 30 years and I’ve traveled with him on a few of his infamous adventures in South America, Africa, and one time in Australia. This place with lack of a better word sucks. It’s a dump compared to our former lifestyles, for one thing we have to pay $2 million each year for this crap hole. We also had to sign over our remaining wealth to a prison trust or some such nonsense. We were told it’s like a blind trust account that politicians are forced to use so there is no conflict of interest. We can’t spend our own money while incarcerated and can’t even give money to charity unless we receive special permission from Nina our warden. We receive quarterly statements of our prison trust, with “expense charges” for the never ending fees we “voluntarily” pay for our stay at “Club Fed for the rich and famous.”
What I think is happening is that the government is really stealing our money all in the name of “justice”. Quite frankly I was surprised that Nina allowed Matthew to even put this Blog together. She only allowed him a small allowance to set this thing up in the first place and because of some major incompetence with the first PR firm she recommended, the original web site had to be scrapped and we wasted almost all of the money Nina allowed us for the project. (Personally I think Nina was trying to sabotage this whole idea from the beginning.)
After much arguing and infighting Nina allowed us to use another firm, but the catch was we had less than $1,000 to get a blog site set up and running. The new PR guy Paul Keegan ran some ads on Craig’s list for free and he found a designer, who put the site together for us and he did a fine job and within our budget that we plan on giving him free advertising on the site. If you need web design work click here: http://dylanschuster.com/
Oh by the way Dexter is a conspiracy nut. This prison is not area 51 or like it and I think he’s exaggerating about those other prisoners in section B-D of our facility, while it’s true that none of us have ever spoke with any fellow prisoners in the other wings. I don’t believe for one second that the government is faking deaths or they were holding Jimmy Hoffa until he died, everybody knows that the Mafia got Jimmy.
My name is Dexter Riley and many years ago I worked with Matthew at Drexel Burnham Lambert, I was convicted a few years ago of insider trading and securities manipulation but unlike Bernard I do admit to my deeds. Our Federal Prison Camp is unlike any facility in the United States, it’s classified above Top Secret and even most people (I’m told) working for the US Justice Department are not aware of its existence. It’s sort of like area 51, the government vehemently denies its existence so if you call they will tell you it does not exist. (Oh they’ll also tell you that I, Matthew, Bernard, Kyle and Vince do not exist either, that we are merely a figment of someone’s imagination, but isn’t that what they would tell you anyway since we fall under the guise of the Witness Protection Program?)
This Federal correctional facility besides being a big government secret is only for the select super rich.
There are no guard towers, no typical jail cells where we are locked in at night, no bars on the windows. Each of us has our own private room, and here they call the guards, “custodians.” You would never know this facility is a prison from looking at it and that’s exactly how they want it to seem, the government employs fabulous camouflage techniques.
All prisoners of this facility have had their names changed, some of us “died” to facilitate a permanent “disappearance”. One famous FAT CAT Executive had a “heart attack” before trial, another “committed suicide” another died in a “plane crash.” This is the only place I know where you permanently “disappear” without the getting “killed” part. (I personally like that part)
There are 4 separate wings to this prison and we are not allowed to speak or comingle with the other prisoners. I heard about some old timer prisoner who died about 10 -12 years ago that had been one of the very first convicts to be incarcerated here. He used to be some big wig union boss who ruffled one too many feathers or so the rumor goes.
Matthew mentioned under his breath one time that he thinks that none of us will ever leave this place alive and I wonder about that. Maybe the government is just keeping us around to use us for our money and information we have about other white collar crooks. Excuse me if you are super rich and take offense to that statement. In my experience there isn’t a soul that is super rich who has clean hands if you know what I mean.
We’ll see if they let me go. I’m due to be released in about 2 1/2 years and I look to that day to be reunited with my family I have not spoke with them or been allowed to even write a letter to them in a number of years, I hope Matthew is wrong but you just wonder, there are so many shady things the government is involved in.